Current Affairs
Daily Bits

Report on Business Responsibility Reporting

  • Posted By
    10Pointer
  • Categories
    Economy
  • Published
    14th Aug, 2020
  • The Ministry of Corporate Affairs recently released the Report of the Committee on Business Responsibility Reporting.
  • MCA will work closely with capital markets regulator SEBI for implementation of Business Responsibility and Sustainability Report (BRSR) framework in the country.
  • Indian companies are aspiring to have a global foothold and thus they cannot ignore the emerging trend of Corporate Governance i.e. Responsible Business.
  • MCA had constituted a Committee on Business Responsibility Reporting to develop new BRR formats for listed and unlisted companies.
  • Due to increasing trends of Environmental, Social and Governance (ESG) investing, demand for non-financial reporting is also growing.
  • In this respect the BRSR framework will set the stage for sustainable investing.
  • The information captured through BRSR filings is used to develop a Business Responsibility-Sustainability Index for companies.

Verifying, please be patient.

X